Ethereum Co-Founder Urges Embracing Store of Value Narrative

Vitalik Buterin argued that, as configured, Ethereum makes more sense as a Store of Value (SoV) than as a fee-burning token, claiming that, to sustain the second thesis, it would have to behave as a major corporation and shift away from its current decentralized principles. While Ethereum was not created with the idea of becoming a store of value (SoV), its most representative leader now believes that it makes sense for the asset to pursue this new ethos. In a dissertation posted on social media on Sunday, Ethereum leader Vitalik Buterin stressed that Ethereum, as it stands today, should focus on becoming a Store of Value (SoV) rather than following its roots as a fee-burning token.

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